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Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict

[May 16 2:48 AM] Pertsev was found guilty of money laundering on Tuesday by a Dutch judge.

Coinbase to Target Australia's Self-Managed Pension Funds: Bloomberg

[May 16 12:49 AM] Coinbase is developing a service which will specifically target Australia' self-managed pensions sector, the exchange's Asia-Pacific Managing Director John O’Loghlen told Bloomberg.

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

[May 15 5:24 PM] Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.

U.S. House's McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

[May 15 2:06 PM] The result of next week's expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services…

Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma

[May 15 1:38 PM]

Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges

[May 15 10:24 AM] The alleged 12-second attack related to the controversial practice known as MEV, or maximal extractable value.

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources

[May 15 10:04 AM] A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk.

Cahill Gordon & Reindel Beefs Up Crypto Practice, Adds 3 Crypto-Native Lawyers Including Lewis Cohen

[May 15 4:00 AM]

Crypto's Election Season Is Kicking Off

[May 15 1:30 AM] The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some candidates and lawmakers have already addressed crypto, whether appealing to…

Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison

[May 14 11:46 PM] Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.

The Crypto Industry’s Influence on U.S. Elections is Bigger Than Ever, Industry Insiders Say

[May 14 12:30 PM] The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected and educate lawmakers – all in hopes of finally…

'CryptoDad' Giancarlo Joins Paxos Board

[May 14 7:01 AM] Paxos has added J. Christopher Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission who has been a public advocate for the cryptocurrency sector, to its board of directors, the company told CoinDesk.

Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court

[May 14 5:34 AM] Alexey Pertsev was found guilty of money laundering $1.2 billion worth of crypto.

Industry Stakeholders Believe a UK Election Won't Derail Crypto Plans

[May 14 1:00 AM] The U.K.'s expected election this year shouldn't affect the country's efforts to regulate cryptocurrency much, industry observers say.

Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market

[May 14 12:29 AM] Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

[May 13 11:09 PM] Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile…

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

[May 13 3:02 PM] President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

[May 13 1:31 PM] FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to…

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

[May 13 11:32 AM] A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency software services as unlicensed money-transmitting…

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

[May 13 9:22 AM] Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

[May 13 4:50 AM] Police in Panshi City, Jilin arrested six people for running an "underground bank."

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

[May 13 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.

Trump’s Pro-Crypto Bluster at NFT Gala Lacked Policy Substance

[May 11 10:00 AM] At the Mar-a-Lago gala, Trump courted a constituency Biden has thoroughly snubbed – even if the GOP candidate isn't exactly fluent in crypto policy.

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

[May 10 3:10 PM] Coinbase hasn't successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

[May 10 2:42 PM] The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry…

DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg

[May 10 1:11 PM] The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.

U.S. CFTC Proposes Ban on Political Event Contracts

[May 10 10:11 AM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the…

Binance, KuCoin Win Registration From India Anti-Money Laundering Regulator as Crypto Credibility Improves

[May 10 4:27 AM] KuCoin has paid a fine of $41,000 and Binance's financial penalty is still to be determined after a hearing with India's FIU.

Stand With Crypto Sets Up Election War Chest, Backs Candidates Seeking Open Seats

[May 10 4:15 AM] The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates…

Kraken Asks Court to Dismiss SEC Claims to Avoid 'Significant Reordering' of U.S. Financial Structure

[May 10 12:53 AM] Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a "significant reordering" of the U.S. financial regulatory structure, according to…